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Bedford Life Science Opportunity

13-15 Deangelo Dr Bedford, MA 01730

13-15 Deangelo Dr, Bedford, MA, 01730
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Thriving suburban lab cluster near major life science tenants.

Property Size31,000 SF
Price / SF$225.81
AddedJul 24, 2024
Days on Market723
Last RefreshJul 15 at 9:20 pm

Property Features for 13-15 Deangelo Dr

General Information

Standard status
Active
Size
31,000 SF
Property subtype
Office, Industrial

Building Details

Year Built
1975

Listing office The Stubblebine Company

Listing date Jul 24, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of The Stubblebine Company


Investment Insights

Based on property information with market context.

Located in the Greater Boston area, influenced by the educational hub of Boston and Cambridge, 13-15 DeAngelo Dr in Bedford, MA, presents a commercial real estate opportunity within a resilient suburban life science market. The property benefits from its proximity to world-class institutions such as MIT and Harvard. The location is surrounded by blue-chip life science tenants, including ThermoFisher, Stoke Therapeutics, Cystic Fibrosis Foundation, and Millipore Sigma. Significant investments have been made since 2015 to improve existing lab areas and build new lab space, totaling over $4.7M in facility improvements. The property offers lab and clean manufacturing companies the advantage of being situated in Greater Boston's vibrant suburban lab cluster. Employees at this location benefit from direct access to the Minuteman Bike Path and proximity to numerous high-caliber corporate neighbors. The property is suitable for manufacturing, industrial, and office uses, including life science research and development.

Key Highlights

  • Located in a booming suburban life science market influenced by Boston and Cambridge educational hubs.
  • Surrounded by blue‑chip life science tenants like ThermoFisher and Millipore Sigma.
  • Over $4.7M invested since 2015 in lab area improvements and new lab space construction.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $498.5k $16.08
− Vacancy −$27.4k −$0.88
EGI $471.1k $15.20
− OpEx −$141.3k −$4.56
NOI $329.7k $10.64
31,000 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Office B
$14.05M
$12.30M – $16.39M (±1% cap)
NOI $983,642 @ 7.0% cap · market cap 14.05%
Second Best
Industrial
$4.71M
$4.12M – $5.50M (±1% cap)
NOI $329,745 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$18.35M
$16.06M – $21.41M (±1% cap)
NOI $1,284,632 @ 7.0% cap · market cap 18.35%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Real Estate Agency Building Supply Auto Parts Store Restaurant HVAC Service Grocery & Convenience Store Garden Center Furniture & Home Goods Hotel & Motel Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Manufacturing property - Thriving suburban lab cluster near major life science tenants.
Where is this manufacturing property located?
The property is located at 13-15 Deangelo Dr Bedford, MA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Located in a booming suburban life science market influenced by Boston and Cambridge educational hubs.; Surrounded by blue‑chip life science tenants like ThermoFisher and Millipore Sigma.; Over $4.7M invested since 2015 in lab area improvements and new lab space construction.
Contact an agent
(781) 862-6168 Call to check price and availability
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